Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as an Executive Director at the International Monetary Fund (IMF) for a three-year term, according to a notification from the Ministry of Personnel, Public Grievances and Pensions.
Patel, who took over as RBI Governor from Raghuram Rajan in September 2016, resigned from the post in December 2018 citing personal reasons. His resignation followed a prolonged public spat between the RBI and the government led by Prime Minister Narendra Modi, sparking debate over central bank autonomy at the time.
In his new role at the IMF, Patel will represent India’s position on global financial and economic matters, contributing to key policy discussions at the multilateral institution.
The announcement comes on the same day Shilpa Medicare confirmed that its new joint venture in Saudi Arabia aligns with the country’s Vision 2030 programme, aimed at expanding domestic manufacturing and strengthening healthcare infrastructure.
